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Earnings

AZO

AutoZone reported a Q2 total company same store sales increase of 1.5% excluding currency impacts, with domestic same store sales rising by 0.3%. International sales saw a significant increase, with a 23.9% rise in the 12-week period and 24.5% over 24 weeks, adjusted to 10.6% and 10.7% respectively when excluding foreign exchange rate fluctuations.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 11:57 am

M

Macy's has provided guidance for FY24, projecting adjusted EPS to be between $2.45 and $2.85, which is below the estimated $3.01. Additionally, the company expects net sales to range from $22.2 billion to $22.9 billion, falling short of the estimated $23.32 billion.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 11:57 am

ELF

E.L.F. Beauty, Inc. (NYSE:ELF) has opened its first European office in London to expand its international business, following a 119% year-over-year growth in international net sales. The company entered the Italian market in late 2023 and is focusing on color cosmetics, skincare, and international markets for growth. Analyst Korinne Wolfmeyer of Piper Sandler has reiterated an Overweight rating on ELF, raising the forecast to $225 from $212, citing expansion prospects in India and Western Europe. E.L.F. Beauty has also raised its fiscal year 2024 earnings per share and revenue guidance.

Portfolio Pulse from Nabaparna Bhattacharya

February 27, 2024 | 11:57 am

AZO

AutoZone (NYSE:AZO) reported Q2 earnings of $28.89 per share, surpassing the $26.37 estimate, marking a 17.25% year-over-year increase. Sales reached $3.86B, slightly above the $3.85B estimate, representing a 4.55% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 11:56 am

M

Macy's reported Q4 2024 adjusted earnings per share of $2.45, surpassing the $1.96 estimate by 25%. However, their sales of $8.10 billion fell short of the $8.15 billion estimate by 0.62%.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 11:56 am

OCN

Ocwen Financial reported its FY23 total revenue at $1.067 billion, an increase from $953.9 million year-over-year. However, the company experienced a net loss of $64 million, while its adjusted pre-tax income was $49 million.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 11:48 am

NUVL

Nuvalent reported a Q4 EPS loss of $(0.62), a 26.53% increase in losses compared to $(0.49) per share YoY. The company's cash balance stands at $719.9M.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 11:42 am

SWTX

SpringWorks Therapeutics reported its Q4 earnings, highlighting OGSIVEO net product revenues of $5.4M. The company experienced an EPS loss of $(1.44), compared to $(1.19) year-over-year. Additionally, SpringWorks reported a cash reserve of $662.6M.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 11:39 am

PRGO

Perrigo has projected its fiscal year 2024 organic net sales growth to be between 1.0% to 3.0% year-over-year, with its reported net sales expected to remain flat. The company anticipates its adjusted earnings per share (EPS) to range from $2.50 to $2.65, which is below the consensus estimate of $3.00.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 11:37 am

CEG

Constellation Energy (NASDAQ:CEG) reported a Q4 EPS of $(0.11), missing the $1.92 estimate, with sales of $5.80B surpassing the $5.67B estimate. This represents a 210% decrease in earnings and a 20.96% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 11:35 am